National Savings ISA
National Savings ISA
A National Savings ISA (Individual Savings Account) can be a great way to make tax-free investment returns on your savings and the interest it generates. National Savings and Investment (NS&I) is a government-based provider, backed by HM Treasury, ensuring a safe place for your money to mature. National Savings ISAs come in two forms:
Direct ISA
- Minimum opening deposit of £1,000 and further deposits of £250 (or £100 by standing order)
- Maximum deposit of £3,600 per tax year
- Make deposits by phone, online, standing order or electronic transfer
- Variable competitive interest rate
- Withdrawals can be made online or by phone (minimum £250)
Cash ISA
- Minimum opening and further deposit of £10
- Maximum deposit of £3,600 per tax year
- Make deposits by phone, standing order, electronic transfer, by cheque through the post or with cash at a Post Office
- Variable interest rate, less competitive than a Direct ISA
- Request withdrawals by phone or warrant by post (like a cheque)
See if a National Savings Cash ISA could be the right one for your circumstances by using the table below to compare accounts from a number of providers.
Alternatively click on isa advertising links below:
Investment News Headlines
Please bear in mind that:
Investment ISAs are designed as medium to long term investments, for example at least five years.
The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
If you choose an index-tracking trust which invests overseas, exchange rate variations may cause the value of your investment to increase or decrease.
If you unsure what Investment ISA plan is right for you speak to an independent investment adviser.